Dublin to lose €2bn in assets to Irish Water

Dublin to lose €2bn in assets to Irish Water

Dublin City Council is to lose €2bn in assets with the transfer of services to Irish Water.

While at the same time, it'll remain liable for hundreds of millions in pensions for staff who are transferring to the quango.

"[We] will be made to sign a service level agreement which will compel city council to continue to provide water services, and we will be left with a significant pension liability of more than €330m," said Mary Fitzpatrick of Fianna Fáil.

"The Minister is taking the assets which should fund the payment of our liabilities, but he's not allowing us to hold on to our assets."

Councillors say the Environment Minister did not attend an emergency meeting called last night to address the issue.


More in this Section

Judge “terminates” extradition as Russian authorities fail to respond on prison conditions Judge “terminates” extradition as Russian authorities fail to respond on prison conditions

Social workers 'concerned' Covid-19 clusters will emerge in Direct Provision centresSocial workers 'concerned' Covid-19 clusters will emerge in Direct Provision centres

Covid-19 response: What are the health insurers saying about premium cuts?Covid-19 response: What are the health insurers saying about premium cuts?

Vicky Phelan urges people to stay at home as cancer survivors remind the public: 'My life matters'Vicky Phelan urges people to stay at home as cancer survivors remind the public: 'My life matters'


Lifestyle

Another great aspect of being able to roam around Phoenix Park is the abundance of wild garlic, which flourishes throughout the great expanse.The Currabinny Cooks: going wild with garlic

Dyed purple hair, fake tattoos ... Ophelia Lovibond certainly went against type for her latest role.Succes from Failure: Ophelia Lovibond certainly goes against type for latest role

Keeping plants like lupins and delphiniums happy now will pay off this summer, says Peter DowdallPeter Dowdall: Embark on a perennial quest

Three figures with roles in the Cork band’s trajectory tell Ellie O’Byrne about the legend-in-the-making that was sadly never to be.B-Side the Leeside: Nun Attax and the Knocknaheeny Shuffle

More From The Irish Examiner